Food and furniture retailer Shoprite has vowed to push ahead with its expansion into Africa. 3 Sep 2008
South African supermarket group Shoprite Holdings on Tuesday reported a 54.1% increase in diluted headline earnings per share to 298.6 cents for the year ended June 2008 from 193.8 cents a year ago. 2 Sep 2008
Retail giant Edcon said last week it would continue to grow sales in the coming months despite a tough trading environment characterised by rising food prices and high inflation. 1 Sep 2008
Fashion retailer Edcon Holdings suffered a first-quarter loss of R643 million to June, compared with a R1,13 billion profit for the corresponding period a year ago. 29 Aug 2008
Mauritius received its first taste of dedicated Puma gear this month with the launch of the marque's first brand store on the island this month. Consumers and travellers to Mauritius will now have access to a wide range of Puma's sports lifestyle products available in one store. 28 Aug 2008
Retail group Massmart is rolling out more stores as it continues to grow sales despite an economic downturn, by offering low-cost, wholesale basic foods and consumer goods. 22 Aug 2008
Clothing retailer Truworths International has bucked the trend of slower retail sales by posting a 16% rise in sales to R5,65bn. 21 Aug 2008
African Bank Investments Ltd (Abil) says the reconfiguration of its Ellerines furniture business, including its financial services activities, is proceeding within expected timeframes and it remains confident of its ability to deliver value to customers and shareholders. 19 Aug 2008
With retail sales having fallen for the fourth month running in June, analysts said on Friday it would be interesting to see how retail groups Massmart and Woolworths — which release their results this week — have withstood the consumer spending downturn. 18 Aug 2008
Mid-year is traditionally slow for retailers but this June, which saw total sales rung up by South Africa's tills fall to R39.7 billion from over R40bn in May, was worse than economists expected. 14 Aug 2008
BRUSSELS: Online auctioneer eBay won a Belgian court case Tuesday against L'Oreal after the French cosmetics giant sued it over the sale of counterfeit goods. 13 Aug 2008
Grocer retailer Shoprite Holdings expects annual fully diluted headline earnings per share to rise between 45% and 55%, it said on Monday. 12 Aug 2008
Best Buy is trying a new retail channel - the vending machine, of all things. The electronics retailer plans to place automated kiosks at airports across the US in an effort to reach customers while they're travelling. The machines will offer MP3 players, phone chargers and other smaller items. 12 Aug 2008
Swiss-based luxury goods group Richemont announced today it had acquired a controlling interest in the Geneva watch company, Manufacture Roger Dubuis SA in a private transaction with Carlos Dias, one of the founding shareholders. 11 Aug 2008
NEWSWATCH: Music, DVD and games retailer, Musica, is being fined R170,000 after the Pretoria specialised commercial crimes court, on Wednesday, found the company guilty of contravening the Counterfeit Goods Act - IOL reports. 7 Aug 2008
Moody's did not lower Edcon's credit rating, but did raise questions about the risk it faces in relation to debt. 6 Aug 2008
The USA's National Retail Federation's venerable retail trade publication, Stores magazine, announced the results of its 2008 Top 100 Retailers Study in July. 4 Aug 2008
Despite a tight consumer environment, retailer Clicks' roll-out of pharmacies in its health and beauty stores is continuing apace. The retailer yesterday launched its 150th in-store pharmacy with the opening of a dispensing section in its Hyde Park store. Another five to six stores are set to be opened within the next month, before the company's financial year-end. 1 Aug 2008
Having positioned itself as one of the biggest retailers of pre-paid cellular products in South Africa, PEP is now opening its first stand-alone cellular stores. The first PEPcell store opens on 31 July 2008 in Khayelitsha; the second store opens in Parow Centre on 1 August; the third store opens in Nyanga on 15 August. 31 Jul 2008
Furniture retailer JD Group says it has acquired 5.42 million ordinary shares, equivalent to 3% of its issued share capital, for a total consideration of R217.2 million in the open market. 29 Jul 2008
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